Any increase in efficiency increases output available for distribution.
Correct Answer:
Verified
Q24: High prices do not occur in laissez-faire
Q25: Any increase in efficiency increases only profits
Q26: The price mechanism solves the "for whom"
Q27: At the equilibrium point in a perfectly
Q28: Under a system of laissez-faire, output selection
Q30: The price system takes into account consumer
Q31: Input-output analysis is a technique used to
Q32: The "invisible hand" refers to the control
Q33: A weakness of the price system is
Q34: Laissez-faire is a policy that espouses central
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents